Mark J. Roe

Harvard Law School

Berg Professor of Business Law

Griswold 502

Cambridge, MA 02138

United States

View CV
SCHOLARLY PAPERS

53

DOWNLOADS
Rank 192

SSRN RANKINGS

Top 192

in Total Papers Downloads

51,153

CITATIONS
Rank 406

SSRN RANKINGS

Top 406

in Total Papers Citations

1,112

Scholarly Papers (53)

1.

A Theory of Path Dependence in Corporate Ownership and Governance

Stanford Law Review, Vol. 52, pp. 127-170, 1999, Columbia Law School, Center for Studies in Law & Economics Paper No. 131, November 1999
Number of pages: 41 Posted: 03 Jan 2000 Last Revised: 26 Apr 2009
Lucian A. Bebchuk and Mark J. Roe
Harvard Law School and Harvard Law School
Downloads 5,700 (757)
Citation 188

Abstract:

2.

Political Preconditions To Separating Ownership from Corporate Control

Stanford Law Review, Vol. 53, p. 539, 2000, Columbia Law and Economics Working Paper No. 155
Number of pages: 69 Posted: 10 Jun 1999
Mark J. Roe
Harvard Law School
Downloads 3,656 (1,735)
Citation 47

Abstract:

3.

Public and Private Enforcement of Securities Laws: Resource-Based Evidence

Journal of Financial Economics (JFE), Vol. 93, 2009, Harvard Public Law Working Paper No. 0-28, Harvard Law and Economics Discussion Paper No. 638
Number of pages: 55 Posted: 11 Jul 2007 Last Revised: 13 Jan 2015
Howell E. Jackson and Mark J. Roe
Harvard Law School and Harvard Law School
Downloads 3,566 (1,655)
Citation 63

Abstract:

investor protection, public enforcement, private enforcement, securities regulation

4.

Political Determinants of Corporate Governance

Harvard Law and Economics Discussion Paper No. 451
Number of pages: 19 Posted: 14 Jan 2004
Mark J. Roe
Harvard Law School
Downloads 3,277 (1,969)
Citation 200

Abstract:

corporate governance, ownership separation, securities markets, agency costs

5.

The Institutions of Corporate Governance

Handbook of New Institutional Economics (Claude Ménard & Mary M. Shirley, eds.) (Kluwer, 2005), Harvard Law and Economics Discussion Paper No. 488,
Number of pages: 32 Posted: 29 Oct 2004 Last Revised: 27 Aug 2016
Mark J. Roe
Harvard Law School
Downloads 2,948 (2,438)
Citation 14

Abstract:

corporate governance, agency costs, public firm, public corporation

6.

Assessing the Chrysler Bankruptcy

Michigan Law Review, Vol. 108, pp. 727-772, 2010, Harvard Law and Economics Discussion Paper No. 645, U of Penn, Inst for Law & Econ Research Paper No. 09-22, U of Penn Law School, Public Law Research Paper No. 09-17, Harvard Public Law Working Paper No. 09-42
Number of pages: 46 Posted: 30 Jun 2009 Last Revised: 13 Jan 2015
Mark J. Roe and David A. Skeel Jr.
Harvard Law School and University of Pennsylvania Law School
Downloads 2,374 (3,529)
Citation 8

Abstract:

corporate reorganization, bankruptcy, chapter 11

7.

The Derivatives Market's Payment Priorities as Financial Crisis Accelerator

Stanford Law Review, Vol. 63, Issue3, p. 539, 2011, ECGI - Law Working Paper No. 153/2010, Harvard Public Law Working Paper No. 10-17
Number of pages: 52 Posted: 09 Mar 2010 Last Revised: 21 Jul 2016
Mark J. Roe
Harvard Law School
Downloads 2,303 (3,355)
Citation 5

Abstract:

safe harbors, bankruptcy, financial crisis, contagion, bank run, qualified financial contracts, derivatives, repos, Dodd-Frank, orderly liquidation authority

8.

Legal Origins and Modern Stock Markets

Harvard Law Review, Vol. 120, pp. 460-527, 2006, Harvard Law and Economics Discussion Paper No. 563
Number of pages: 68 Posted: 16 Jun 2006 Last Revised: 16 Jan 2011
Mark J. Roe
Harvard Law School
Downloads 2,192 (3,910)
Citation 63

Abstract:

public choice, finance, equity markets, legal origin, civil law, common law

9.

Corporate Law's Limits

Journal of Legal Studies, Vol. 31, Columbia Law and Economics Working Paper No. 186
Number of pages: 59 Posted: 08 Mar 2001
Mark J. Roe
Harvard Law School
Downloads 1,828 (5,750)
Citation 50

Abstract:

10.

The Inevitable Instability of American Corporate Governance

Restoring Trust in American Business (American Academy of Arts and Sciences eds.) (MIT Press, 2004)., Harvard Law and Economics Discussion Paper No. 493
Number of pages: 19 Posted: 05 Nov 2004 Last Revised: 13 May 2013
Mark J. Roe
Harvard Law School
Downloads 1,496 (8,110)
Citation 8

Abstract:

11.

Political Instability: Its Effects on Financial Development, Its Roots in the Severity of Economic Inequality

Journal of Comparative Economics 39 (2011) 279-309
Number of pages: 60 Posted: 06 Apr 2007 Last Revised: 11 Jul 2013
Mark J. Roe and Jordan I. Siegel
Harvard Law School and University of Michigan
Downloads 1,325 (8,887)
Citation 13

Abstract:

financial development, investor protection, political instability, debt market development, stock market capitalization, political economy

12.

Corporate Short-Termism – In the Boardroom and in the Courtroom

Business Lawyer; Vol 68, August 2013, ECGI - Law Working Paper No. 210, Harvard Public Law Working Paper No. 13-18
Number of pages: 30 Posted: 27 Mar 2013 Last Revised: 15 Mar 2014
Mark J. Roe
Harvard Law School
Downloads 1,217 (7,873)

Abstract:

Blockholders, board insulation, bubbles, corporate governance, Delaware, hedge funds, holding duration, investor horizons, long-term value, market efficiency, mergers, myopia, private equity, R&D, short-termism, stakeholder, takeovers, Tobin tax, venture capital

13.

The Shareholder Wealth Maximization Norm and Industrial Organization

University of Pennsylvania Law Review, Vol. 149, p. 2063, 2001, Harvard Law and Economics Discussion Paper No. 339, Harvard Public Law Working Paper No. 19
Number of pages: 20 Posted: 26 Sep 2001
Mark J. Roe
Harvard Law School
Downloads 968 (15,738)
Citation 17

Abstract:

14.

Chaos and Evolution in Law and Economics

Harvard Law Review, Vol. 109, p. 641, 1996
Number of pages: 30 Posted: 03 Jul 1998
Mark J. Roe
Harvard Law School
Downloads 835 (16,939)
Citation 58

Abstract:

15.

Can Culture Constrain the Economic Model of Corporate Law?

University of Chicago Law Review, Vol. 69, p. 1251, 2002, Harvard Law School, Public Law Research Paper No. 36, Harvard Law and Economics Discussion Paper No. 381
Number of pages: 21 Posted: 23 Aug 2002
Mark J. Roe
Harvard Law School
Downloads 794 (22,465)
Citation 6

Abstract:

corporations, corporate law, takeovers

16.

Clearinghouse Overconfidence

101 California Law Review, Vol. 101, pp. 1641-1703, 2013
Number of pages: 56 Posted: 06 Mar 2013 Last Revised: 27 Aug 2016
Mark J. Roe
Harvard Law School
Downloads 777 (17,378)
Citation 1

Abstract:

bankruptcy, financial crisis, contagion, bank run, qualified financial contracts, derivatives in bankruptcy, Dodd-Frank Act, systemic risk

Capital Markets and Financial Politics: Preferences and Institutions

Capitalism and Society, Vol. 7, Issue 1, Article 3, 2012, The Oxford Handbook of Capitalism, Dennis Mueller, ed., Oxford University Press, 2012
Number of pages: 40 Posted: 25 Jan 2013 Last Revised: 08 Jul 2013
Mark J. Roe
Harvard Law School
Downloads 394 (57,623)

Abstract:

Capital Markets and Financial Politics: Preferences and Institutions

Oxford Handbook on Capitalism, 2011
Number of pages: 37 Posted: 10 Jan 2011
Mark J. Roe
Harvard Law School
Downloads 315 (74,951)

Abstract:

capital markets, political economy, institutions, preferences, financial development

18.

Delaware and Washington as Corporate Lawmakers

Delaware Journal of Corporate Law (DJCL), Vol. 34, No. 1, 2009, Harvard Law and Economics Discussion Paper No. 637
Number of pages: 34 Posted: 30 Apr 2009 Last Revised: 19 Jul 2012
Mark J. Roe
Harvard Law School
Downloads 683 (27,055)
Citation 2

Abstract:

Delaware, Journal, Corporate, Law, state, jurisdictional, competition, Washington, D.C.

19.

Structural Corporate Degradation Due to Too-Big-To-Fail Finance

162 University of Pennsylvania Law Review 1419 (2014), European Corporate Governance Institute (ECGI) - Law Working Paper No. 253/2014
Number of pages: 46 Posted: 10 May 2013 Last Revised: 19 Apr 2016
Mark J. Roe
Harvard Law School
Downloads 653 (21,136)

Abstract:

financial crisis, too-big-to-fail, corporate governance, bank regulation, bank capital, international finance

20.

Rents and Their Corporate Consequences

Stanford Law Review, Vol. 53, No. 6, 2001, Columbia Law and Economic Working Paper No. 184
Number of pages: 33 Posted: 30 Jan 2001 Last Revised: 16 Jan 2011
Mark J. Roe
Harvard Law School
Downloads 634 (30,862)
Citation 18

Abstract:

21.

Delaware's Politics

Harvard Law Review, Vol. 118, pp. 2491-2543, 2005 , Harvard Law and Economics Discussion Paper No. 511
Number of pages: 53 Posted: 13 Oct 2004 Last Revised: 19 Jul 2012
Mark J. Roe
Harvard Law School
Downloads 605 (31,189)

Abstract:

Corporate law, jurisdictional competition, Delaware, federalism

22.

Delaware's Competition

Harvard Law Review, Vol. 117, p. 588, 2003, Harvard Law and Economics Discussion Paper No. 432, Harvard Public Law Working Paper No. 49
Number of pages: 58 Posted: 02 Dec 2002 Last Revised: 19 Jul 2012
Mark J. Roe
Harvard Law School
Downloads 602 (28,350)

Abstract:

corporate law, fiduciary duties, inter-jurisdictional race, race-to-the-top, race-to-the-bottom, corporate law

23.

Delaware's Shrinking Half-Life

Stanford Law Review, Vol. 62, No. 1, 2009
Number of pages: 30 Posted: 12 Dec 2008 Last Revised: 13 Jan 2015
Mark J. Roe
Harvard Law School
Downloads 599 (33,418)
Citation 8

Abstract:

federalism, corporate law, securities law, jurisdictional competition

24.

The Corporate Shareholder’s Vote and Its Political Economy, in Delaware and in Washington

2 Harvard Business Law Review 1, 2012, Paolo Baffi Centre Research Paper No. 2011-94
Number of pages: 38 Posted: 12 Jul 2011 Last Revised: 20 Feb 2015
Mark J. Roe
Harvard Law School
Downloads 405 (51,113)

Abstract:

Shareholder voting, proxy contest, Delaware corporate law, jurisdictional competition, securities law, public choice

25.

Finance and Politics: A Review Essay Based on Kenneth Dam's Analysis of Legal Traditions in the Law-Growth Nexus

Journal of Economic Literature, Vol. 43, pp. 781-800, 2009, Harvard Law and Economics Discussion Paper No. 650, Harvard Public Law Working Paper No. 09-48
Number of pages: 28 Posted: 21 Sep 2009 Last Revised: 13 Jan 2015
Mark J. Roe and Jordan I. Siegel
Harvard Law School and University of Michigan
Downloads 390 (51,274)
Citation 6

Abstract:

financial development, investor protection, political instability, debt market development, stock market capitalization, political economy, legal origin

26.
Downloads 386 ( 59,546)

Derivatives Markets in Bankruptcy

Number of pages: 18 Posted: 17 Apr 2012 Last Revised: 09 Jun 2013
Mark J. Roe
Harvard Law School
Downloads 385 (59,180)

Abstract:

safe harbors, bankruptcy, financial crisis, contagion, bank run, qualified financial contracts, derivatives, orderly liquidation authority

Derivatives Markets in Bankruptcy

Comparative Economic Studies, Vol. 55, Issue 3, pp. 519-534, 2013
Number of pages: 16 Posted: 17 Aug 2013
Mark J. Roe
Harvard Law School
Downloads 1 (554,064)
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Abstract:

safe harbors, bankruptcy, financial crisis, contagion, bank run, qualified financial contracts, derivatives, orderly liquidation authority

27.

Is Delaware's Corporate Law Too Big to Fail?

Brooklyn Law Review, Vol. 74, pp. 75-93, 2008, Harvard Law and Economics Discussion Paper No. 635
Number of pages: 19 Posted: 11 Jun 2009 Last Revised: 13 Jan 2015
Mark J. Roe
Harvard Law School
Downloads 382 (57,453)

Abstract:

28.

Backlash

Columbia Law Review, Vol. 98, p. 217, 1998
Number of pages: 27 Posted: 24 Oct 1997
Mark J. Roe
Harvard Law School
Downloads 364 (60,280)
Citation 7

Abstract:

29.

Placing Election Bylaws on the Corporate Ballot

Harvard PON Working Paper No. 915403
Number of pages: 11 Posted: 10 Jul 2006 Last Revised: 07 May 2009
Harvard Law School, Harvard Law School, Harvard Law School, Harvard Law School and Harvard Business School
Downloads 346 (65,308)

Abstract:

Corporate elections, shareholder voting, proxy contests, access to the ballot, by-laws, by-law amendments, proxy fights, proxy contests, corporate governance, agency costs

30.

A Capital Market, Corporate Law Approach to Creditor Conduct

Michigan Law Review, Vol. 112, pp. 59-109, 2013, Harvard Public Law Working Paper No. 12-34
Number of pages: 50 Posted: 10 Jul 2012 Last Revised: 27 Aug 2016
Mark J. Roe and Federico Cenzi Venezze
Harvard Law School and University of Brescia
Downloads 338 (60,872)

Abstract:

corporate reogranization, corporate governance, chapter 11, hedge funds, vicinity of bankruptcy

31.

Breaking Bankruptcy Priority: How Rent-Seeking Upends the Creditors’ Bargain

Virginia Law Review, Vol. 99, No. 6, 2013 , Harvard Public Law Working Paper No. 13-15, Boston Univ. School of Law, Law and Economics Research Paper No. 13-4, Boston Univ. School of Law, Public Law Research Paper No. 13-4
Number of pages: 58 Posted: 27 Feb 2013 Last Revised: 17 Nov 2016
Mark J. Roe and Frederick Tung
Harvard Law School and Boston University School of Law
Downloads 337 (55,243)

Abstract:

bankruptcy, restructuring, priority, rent-seeking, creditors’ bargain, reorganization, derivatives, financial crisis, repo, special purpose vehicle

32.

Rolling Back the Repo Safe Harbors

Business Lawyer, Vol. 69, August 2014, Columbia Law and Economics Working Paper No. 492, Harvard Law School Center for Law, Economics, and Business, Discussion Paper No. 793
Number of pages: 34 Posted: 23 Aug 2014 Last Revised: 25 Oct 2014
Columbia Law School, Harvard Law School and United States Bankruptcy Courts, District of Delaware
Downloads 332 (49,478)

Abstract:

safe harbors, bankruptcy, financial crisis, contagion, bank run, qualified financial contracts, derivatives, orderly liquidation authority, repo, Lehman Brothers, wholesale money market

33.

How the Chrysler Reorganization Differed from Prior Practice

The Journal of Legal Analysis, Vol. 5, p. 400, 2013
Number of pages: 38 Posted: 10 Jul 2012 Last Revised: 27 Aug 2016
Mark J. Roe and Joo-Hee Chung
Harvard Law School and Harvard Law School, J.D., 2012
Downloads 303 (72,123)

Abstract:

corporate reorganization, bankruptcy, chapter 11, 363 sales

34.

Lifetime Employment: Labor Peace and the Evolution of Japanese Corporate Governance

Columbia Law Review, Vol. 99, pp. 508-540, 1999
Number of pages: 34 Posted: 01 Oct 1997
Ronald J. Gilson and Mark J. Roe
Stanford Law School and Harvard Law School
Downloads 294 (78,156)
Citation 11

Abstract:

35.

Corporate Governance and Its Political Economy

Oxford Handbook of Corporate Governance, Forthcoming
Number of pages: 34 Posted: 04 Apr 2015 Last Revised: 17 Nov 2016
Mark J. Roe and Massimiliano Vatiero
Harvard Law School and Università della Svizzera italiana
Downloads 262 (36,388)

Abstract:

corporate governance, ownership separation, politics and public choice, securities markets, social democracy

36.

Strong Managers, Weak Owners: The Political Roots of American Corporate Finance

Princeton University Press, 1994
Number of pages: 22 Posted: 16 Aug 2013 Last Revised: 21 Aug 2013
Mark J. Roe
Harvard Law School
Downloads 242 (58,693)
Citation 159

Abstract:

corporate governance, blockholders, institutional investors, Glass-Steagall, populism, unit banking, corporate takeovers, short-termism, agency costs

37.

Comparative Corporate Governance

The New Palgrave Dictionary of Economics and the Law (1997).
Number of pages: 17 Posted: 19 Sep 1997 Last Revised: 19 Jul 2012
Mark J. Roe
Harvard Law School
Downloads 203 (86,705)
Citation 22

Abstract:

38.

Restructuring Failed Financial Firms in Bankruptcy: Selling Lehman’s Derivatives Portfolio

Yale Journal on Regulation, Vol. 32, pp. 363-411, 2015
Number of pages: 49 Posted: 22 Oct 2014 Last Revised: 27 Aug 2016
Mark J. Roe and Stephen Adams
Harvard Law School and Harvard University - Law School - Alumni
Downloads 168 (88,067)

Abstract:

safe harbors, bankruptcy, financial crisis, contagion, bank run, qualified financial contracts, derivatives, orderly liquidation authority, repo, Lehman Brothers, Dodd-Frank

39.

A Spatial Representation of Delaware-Washington Interaction in Corporate Lawmaking

Columbia Business Law Review, Vol. 553, 2012, Harvard Public Law Working Paper No. 12-35
Number of pages: 18 Posted: 10 Jul 2012 Last Revised: 07 Jan 2015
Mark J. Roe
Harvard Law School
Downloads 160 (134,633)

Abstract:

Shareholder voting, proxy contest, Delaware corporate law, jurisdictional competition, federalism, securities law, public choice

40.

Juries and the Political Economy of Legal Origin

Perspectives in Company Law and Financial Regulation, Tison, de Wulf, van der Elst & Steennot, eds., Cambridge U. Press, 2009, Journal of Comparative Economics, Vol. 35, pp. 294-308, 2007
Number of pages: 27 Posted: 24 Nov 2008 Last Revised: 14 May 2013
Mark J. Roe
Harvard Law School
Downloads 133 (158,146)
Citation 7

Abstract:

juries, colonial policy, civil law, common law, property rights, investor protection, British empire, legal origin

41.

German Codetermination and German Securities Markets

Mark J. Roe, Political Determinants of Corporate Governance, Oxford, 2003, Columbia Business Law Review, Vol. 167, 1998, Columbia Journal of European Law
Number of pages: 26 Posted: 25 Sep 1998 Last Revised: 14 May 2013
Mark J. Roe
Harvard Law School
Downloads 117 (125,513)
Citation 25

Abstract:

German codetermination, corporate governance, managerial agency costs

42.
Downloads 250 ( 98,797)

Three Ages of Bankruptcy

Number of pages: 34 Posted: 17 Nov 2016 Last Revised: 01 Feb 2017
Mark J. Roe
Harvard Law School
Downloads 250 (96,699)

Abstract:

Bankruptcy, Restructuring, Priority, Rent-Seeking, Creditors' Bargain, Reorganization, Derivatives, Financial Crisis, Repo, Special Purpose Vehicle

43.

The Voting Prohibition in Bond Workouts

Yale Law Journal, Vol. 97, pp. 232-279, 1987
Number of pages: 49 Posted: 13 Jun 2014 Last Revised: 02 Apr 2016
Mark J. Roe
Harvard Law School
Downloads 82 (102,227)
Citation 21

Abstract:

bankruptcy, restructuring, Trust Indenture Act, collective action clauses, rent-seeking, creditors’ bargain, reorganization, exit consents, creditor coercion

44.

From Antitrust to Corporation Governance? The Corporation and the Law: 1959-1994

The American Corporation Today, pp. 102-127, Carl Kaysen, ed., 1996
Number of pages: 28 Posted: 08 Jul 1998 Last Revised: 14 May 2013
Mark J. Roe
Harvard Law School
Downloads 65 (247,320)
Citation 1

Abstract:

45.

Regulatory Competition in Making Corporate Law in the United States - and its Limits

Oxford Review of Economic Policy, Vol. 21, No. 2, pp. 232-242, 2005
Number of pages: 31 Posted: 29 Feb 2008 Last Revised: 09 Jan 2011
Mark J. Roe
Harvard Law School
Downloads 56 (269,355)
Citation 1

Abstract:

46.

Bankruptcy and Debt: A New Model for Corporate Reorganization

Columbia Law Review, Vol. 83, No. 3, 1983
Number of pages: 76 Posted: 07 Feb 2015
Mark J. Roe
Harvard Law School
Downloads 51 (187,772)
Citation 20

Abstract:

Chapter 11, 363 sales

47.

A Political Theory of American Corporate Finance

91 Columbia Law Review 10 (1991)
Number of pages: 58 Posted: 08 Feb 2015
Mark J. Roe
Harvard Law School
Downloads 47 (166,476)
Citation 49

Abstract:

Berle-Means; public corporation; strong managers, weak owners; populism; Glass-Steagall.

48.

Takeover Politics

The Deal Decade, M. Blair, ed., The Brookings Institution, 1993
Number of pages: 68 Posted: 08 Feb 2015
Mark J. Roe
Harvard Law School
Downloads 23 (294,648)
Citation 10

Abstract:

jostile takeovers, mergers and acquisitions, state competition

49.

Bankruptcy and Mass Tort

Columbia Law Review, Vol. 84, No. 4, 1984
Number of pages: 77 Posted: 07 Feb 2015
Mark J. Roe
Harvard Law School
Downloads 19 (370,736)
Citation 4

Abstract:

Johns-Manville, chapter 11

50.

Containing Systemic Risk by Taxing Banks Properly

European Corporate Governance Institute (ECGI) - Law Working Paper No. 317/2016
Number of pages: 43 Posted: 20 Apr 2016 Last Revised: 06 Mar 2017
Mark J. Roe and Michael Troege
Harvard Law School and ESCP-Europe
Downloads 0 (111,661)

Abstract:

financial crisis, too-big-to-fail, corporate governance, bank regulation, bank capital, international finance, allowance for corporate equity, corporate tax, interest deductibility

51.

The Trust Indenture Act of 1939 in Congress and the Courts in 2016: Bringing the SEC to the Table

Harvard Law Review Forum, 129-7, 2016, pp. 360-377
Number of pages: 18 Posted: 02 Apr 2016 Last Revised: 12 May 2016
Mark J. Roe
Harvard Law School
Downloads 0 (103,588)

Abstract:

bankruptcy, restructuring, Trust Indenture Act, collective action clause, exit consents, Marblegate, Caesars

52.

Supreme Court Amicus Brief of 19 Corporate Law Professors, Friedrichs v. California Teachers Association, No. 14-915

Number of pages: 55 Posted: 08 Nov 2015
Harvard Law School, Harvard Law School, Northwestern University - Pritzker School of Law, Columbia Law School, Duke University School of Law, Stanford Law School, Columbia Law School, Widener University Delaware Law School, Yale Law School, Columbia Law School, New York University School of Law, University of Michigan Law School, Stanford Law School, Harvard Law School, Georgetown University Law Center, BC Law School, New York University School of Law, Harvard Law School and New York University (NYU)
Downloads 0 (53,466)

Abstract:

corporate politics, union politics, First Amendment, shareholder rights, corporate speech

53.

Financial Markets and the Political Center of Gravity

Number of pages: 47 Posted: 02 Nov 2015 Last Revised: 02 Dec 2016
Mark J. Roe and Travis G. Coan
Harvard Law School and Harvard Law School
Downloads 0 (378,318)

Abstract:

corporate governance, ownership separation, securities markets, agency cost, financial markets, party politics, median voter, economic policy, capital market development, party manifestos, social democracy, political determinants